#MEMEAct The Modern Emoluments and Malfeasance Enforcement (MEME) Act, introduced by Congressman Sam Liccardo, aims to prevent federal officials from exploiting public office for personal financial gain through digital assets and securities. This bill targets the issuance, sponsorship, or endorsement of financial instruments by high-ranking officials, their spouses, and dependent children.

The MEME Act seeks to broaden the Emoluments Clause, arguing that profiting from political influence in financial markets should be prohibited. It would subject violators to civil and criminal penalties and prevent further profit from assets issued before the bill's enactment. This initiative follows concerns about potential insider trading and foreign influence tied to officials' involvement with meme coins and other financial assets.